Banking groups argue the CFPB violated statutes for rule implementation while the bureau seeks a different court to hear the case.
The 2023 PYMNTS Intelligence report “The Credit Accessibility Series: BNPL’s Wide-Ranging Impact on Consumers and Merchants” drew on a survey of more than 3,100 consumers to understand the increasing prevalence of BNPL products as a credit option, as well as to dig into consumers’ reasons for choosing to use it and the potential of BNPL to improve their credit profiles.
MAPLE GROVE, Minn., March 26, 2024 (GLOBE NEWSWIRE) -- TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, visited Capitol Hill in Washington, D.C., March 3 to March 7, 2024, as part of the annual America’s Credit Unions Governmental Affairs Conference, the credit union industry’s largest advocacy event.
On March 13, at the Financial Data Exchange Global Summit, CFPB Director Rohit Chopra delivered a keynote address that focused on “the role of standard setters and standard-setting” as the CFPB pushes towards finalizing is its proposed Personal Financial Data Rights Rule (see October 2023 GT Alert).
On March 19, 2024, the Consumer Financial Protection Bureau (“CFPB”) published a blog touting letters it has sent to New York Governor Kathy Hochul, New York State Senate leaders, and New York State Assembly leaders to highlight the importance of a ban on abusive or unfair conduct that is being considered in pending New York legislation.
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